US Emergency Oil Reserves – Gone?


Armstrong Economics Blog/Humor Re-Posted Sep 3, 2022 by Martin Armstrong

Categories: Humor

Weapons Dealers


Armstrong Economics Blog/Corruption Re-Posted Sep 3, 2022 by Martin Armstrong

How One Company Destroyed An Entire Country


Armstrong Economics Blog/Corruption Re-Posted Sep 3, 2022 by Martin Armstrong

DeSantis Breaks Silence About Biden Attack Speech


Posted originally on the conservative tree house on September 3, 2022 | sundance

After waiting a full media cycle (26 hours) to evaluate the landscape, the team behind Florida Governor Ron DeSantis coordinated an “exclusive interview” with Laura Ingraham to give his opinion on the divisive speech by Joe Biden.

Carefully navigating the political waters to avoid the terms “MAGA republican” or “Trump,” DeSantis gave a down the middle approved republican rebuttal. WATCH:

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Bill Barr Does what Bill Barr Does, The Institutions Must Be Preserved at all Costs – Evidence of DOJ and FBI Misconduct Must Not Be Permitted to Surface


Posted originally on the conservative tree house on September 2, 2022 | sundance

Several people have sent requests for opinion on Bill Barr taking a pro-DOJ position against President Trump during media appearances today.  {Direct Rumble Link} One of the key aspects to note within the motive of the former AG is his prior position against the release of any information that would have been derogatory to the interests of the justice department.

As noted several years ago, Bill Barr was the bondo application for the covering up of a rusted, corroded and politically weaponized DOJ apparatus.  His appointment of John Durham, an investigative stall tactic to create another open investigation and block the release of information averse to the interests of the DOJ, was the spray paint application.

In May of 2019, at the conclusion of the Mueller investigation – a roadblock to document release that was removed, Bill Barr asked President Trump not to declassify and release the evidence of DOJ and FBI misconduct in the Trump-Russia scheme, and instead allow him to have control over the classified documents to include the timing of their release.  President Trump placed his trust in the AG, but Bill Barr never released anything because Bill Barr never intended to release anything.

For Bill Barr to speak on the documentary evidence that Trump declassified and then took copies to Mar-a-Lago, is essentially for Bill Barr to reflect anger at the possibility those documents would eventually come out, thereby besmirching his beloved institutions and creating damage.  Of course, Bill Barr is going to oppose President Trump, the potential release of those documents, and align himself with the DOJ interests, because that was the entire purpose of Bill Barr during the Trump administration.  WATCH:

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Bill Barr is aligned in ideology with the professional political apparatus.   Barr’s statements come from a place of personal interest and fit into the larger narrative currently deployed by the UniParty apparatus of the DC state.   Donald Trump is not an “acceptable republican” because he is not a controllable republican. This is the narrative construct both wings of the UniParty are drumbeating into the media feeds.

Biden Brings in Professional Bagman John Podesta to Divvy Up the $316 Billion in Climate Change Money to DNC Donors Ahead of Midterm Election


Posted originally on the conservative tree house on September 2, 2022 | sundance 

Joe Biden has hired John Podesta to be the new Clean Energy Czar [Announcement Here] citing his experience in progressive causes.  Hilariously, the New York Times is running with a justification that Podesta holds some prior experience in advancing the climate change agenda. [See Here]

(NYT) […] In bringing on Mr. Podesta, Mr. Biden continues to surround himself with veterans of past Democratic administrations, old hands who can step into challenging positions without on-the-job training.

“His deep roots in climate and clean energy policy and his experience at senior levels of government mean we can truly hit the ground running,” Mr. Biden said of Mr. Podesta in a statement. (more)

If Podesta is the new Clean Energy Czar, it begs the question of what the heck John Kerry is doing now?  I digress.

You might remember that Steven Chu was the Obama Climate Change Czar for the first clean energy boondoggle that came as an outcome of the American Recovery and Reinvestment Act (ARRA), those shovel ready jobs that didn’t materialize and carried the Solyndra spending nonsense.

John Podesta had nothing to do with the Obama-era clean energy initiatives or energy spending programs. Podesta was inserted into Obama’s orbit in the second term (2013) specifically to watch out for Hillary Clinton’s interests when she left to run for President.   Podesta later joined her in 2015 and took over the strategy team.

Bottom line, John Podesta is being now being hired to divvy up the $316 billion in Green New Deal money recently authorized by congress.  That is what Podesta specializes in, the distribution of taxpayer money to DNC allied groups and networks in advance of the 2022 midterms.   Podesta, Hillary’s fixer, is a bagman, nothing more.

Podesta will now take the $316 billion and distribute the funds according to political priorities.   Anyone who says anything different is being intellectually dishonest and obtuse in the extreme.

[White House] – Today, President Biden announced that John Podesta will serve as Senior Advisor to the President for Clean Energy Innovation and Implementation and Ali Zaidi will be promoted to Assistant to the President and National Climate Advisor. In his new role, Podesta will oversee implementation of the Inflation Reduction Act’s expansive clean energy and climate provisions and will chair the President’s National Climate Task Force in support of this effort. Zaidi will step into the role of National Climate Advisor and will be vice-chair of the National Climate Task Force. Gina McCarthy will depart the White House on September 16. (more)

Joe Biden Delivers the DC Attack Speech Against MAGA Republicans that Mitch McConnell Cannot


Posted originally on the conservative tree house on September 2, 2022 | sundance 

Everything you need to know about the background construct of Biden’s speech against “MAGA republicans,” can be found in the silence of the approved republican who is intended to benefit from it.

It is worth noting and emphasizing the specific target of this effort, lest the motive slips by while many are distracted by the outrage.

Joe Biden, together with and in direct coordination with, the two wings of the DC UniParty system, is not focused on ‘republicans’ as political opposition and domestic enemies. Joe Biden and his various conscripts are focused on a very specific type of republican, the “MAGA Republican.”   The same enemy identified by Mitch McConnell and the GOPe donor class.   This is not accidental.

While the institutions target Donald Trump himself, the political apparatus that supports the institutions is targeting Donald Trump supporters.   Please pay close attention to this, and please pay even closer attention to the voices you do not hear.  Silence can be deafening, but only if you are paying attention to it.

Last night’s speech in Philadelphia was a full-frontal assault on MAGA republicans, Donald Trump voters and supporters.  There is no parsing or backtracking that can obfuscate the words used and the specific intention of them.   Joe Biden would not read the script from the teleprompter if his handlers thought there was no benefit to it.  He is saying what he says with purpose, specific intent and motive.

It is in the background of those words, where we should be paying very close attention right now to who remains silent.   If you pay attention, you will notice the professional political class, the RNC club and the people who make the decisions about the club agenda, are conspicuously silent.   As an example, go look for Ron DeSantis’ response to the Philadelphia remarks, you will notice a curious silence, which, hopefully, people will connect to the other moment of curious silence in the aftermath of the Mar-a-Lago raid.

How long does it take to respond?

How long did it take you to formulate an opinion of those disparagements you heard?

It can be uncomfortable to see, and even more uncomfortable to accept, the nature of what exists in silence…. agreement.

Other than a single rather timid tweet from the personal account of the acceptable republican, there was nothing in the aftermath of the Mar-a-Lago raid.  Evaluations were being conducted.  Those evaluations are seemingly again being conducted by the management team of the acceptable republican right now.  Silence in the face of tyranny is agreement.

Those who have traveled these pages through the years know what it is like to accept discomfort.   However, it is in the bigger picture that we can formulate plans to overcome the opposition.  You are not the crew who would drag the Trojan Horse into the fortress.  You are the crew who would build the kindling underneath it far away from Troy and then watch what happens when lit.  You are the people who can see the false constructs.

That said, all is not bad news… In fact, the red speech from Joe Biden is actually awesome news.  What this entire effort tells us is that they cannot find a way to get rid of the MAGA uprising, they are getting more desperate.  In the background we can be assured the republican brand managers and image consultants are feverously working their polling and focus groups, and discovering they are not making a dent in the effort.

The Republicans are aligned with Left-wing Democrats throwing everything, including the kitchen sink and indictments against Donald Trump, yet his influence over outcomes within the party is unaffected.  All of the effort in the world, against the MAGA coalition, is not having the desired effect.  This must be making the managers of the approved candidate very frustrated.

That’s me, smiling.

August Labor Report Shows 315,000 Job Gains, Internal Data a Much Bigger Concern


Posted originally on the conservative tree house on September 2, 2022

The Bureau of Labor and Statistics (BLS) released the August Jobs Report [DATA HERE].

The topline is a net gain of 315,000 jobs with an increase in unemployment to 3.7%.  However, the June and July jobs reports were revised down by 107,000 lower than previously reported, and if you look carefully at the data, you can see a serious problem.

Keep in mind, in the background is a release yesterday showing productivity within the economy dropping in the second quarter by 4.1%. [DATA]  Combine the drop in productivity with higher wages of 5.7% and total wage costs per unit of business output are up 10.1%.  Now we turn back to today’s employment release, and look at these three points of data:

(1) Unemployment for adult men and unemployment for Latinos increased in August.  Adult men and specifically adult Latino men are losing their jobs. (2) The average number of hours worked in August dropped 0.1 hour to 34.5 hours. (3) Total employment amid those aged 16 to 19-years of age increased by 363, 000 in August:

The graphic is modified Table A-1 to focus on ‘age’

 •Total economic productivity drops [biggest quarterly drop since 1948].  •Men and Latinos are losing jobs.  •Average hours worked drops.  •Teenage employment increases. What do these four facts tell you?

A total of 363,000 more teenagers started working in August, yet the total net gain in employment overall was 315,000 jobs.   That should be the headline of the August 2022 jobs report.

(CNBC) […] The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations, largely due to a gain in the labor force participation rate to 62.4%, tied for the highest level of the year. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons climbed to 7% from 6.7%.

Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago, both 0.1 percentage point below estimates. (more)

Episode 1056: Holiday!


Revenge of the Cis Published originally on Rumble on September 1, 2022

– Gov. Greg Abbott sends busload of migrants from Texas to Chicago
– Reed Coverdale joins us

US Oil Reserves Nearly Depleted


Armstrong Economics Blog/Energy Re-Posted Sep 2, 2022 by Martin Armstrong

The US Strategic Petroleum Reserve (SPR) has been at its lowest level since, ironically, 1984. The reservoirs are composed of four underground sites constructed from salt domes on the Gulf Coasts of Louisiana and Texas. The White House began extracting oil from the emergency reserves to combat rising gas prices. Politicians simply hope that the problem can be patched up for as long as they can remain in power.

In August, the US extracted 18 million barrels of crude. The stockpile now sits at only 450 million, reaching a nearly 40-year low. Additionally, the White House under Biden has been selling off the remaining reserves to foreign refiners. China received nearly a million barrels of oil to a subsidiary of Sinopec, a company that previously received BILLIONS in investments from an equity firm operated by none other than Hunter Biden. In fact, Biden has sold off nearly a quarter of oil reserves this year alone. Is he deliberately trying to create a crisis to spark the Great Reset?

Russia is not to blame for rising gas prices, as a gallon cost a mere $2.28 in December 2020. A year later, after Biden implemented disastrous green policies, the price rose to $3.40. Biden panicked once gas hit $5 in June and began to pull from the reserves to make it seem as if he had a grip on the problem. The government has no solution for the current energy crisis. The best we can hope for is the Republicans coming to power and demanding that domestic production continue immediately.